AN ORDINANCE GRANTING A THIRTY (30) YEAR TAX ABATEMENT TO ESSEX PLAZA LAND ONE, LLC, HAVING ITS PRINCIPAL OFFICE AT C/O FAIRSTEAD, 250 WEST 55TH STREET, 35TH FLOOR, NEW YORK, NEW YORK, 10019, FOR A PROJECT TO CONSTRUCT A NEW (6) STORY BUILDING CONSISTING OF (241) AFFORDABLE HOUSING RENTAL UNITS RESTRICTED TO TENANTS AT 60% OF AREA MEDIAN INCOME (“AMI”) OR LESS (THE “HOUSING UNITS”), APPROXIMATELY 4,875 SQUARE FEET OF COMMERCIAL SPACE AND (200) PARKING SPACES, LOCATED ON REAL PROPERTY COMMONLY KNOWN AS 105-137 ORCHARD STREET, NEWARK, NEW JERSEY 07102 AND IDENTIFIED ON THE OFFICIAL TAX MAP OF THE CITY OF NEWARK, AS BLOCK 892, LOT 24 (EAST WARD).